THE House of Representatives on Tuesday, announced an increase on President Muhammadu Buhari's 2018 Appropriation Bill from N8.6 trillion to N9.1 trillion.
Earlier, the passage of the budget had been delayed because the Ministries, Departments, and Agencies had not submitted details of their budget proposals, which led to the Senate giving them a one-week ultimatum to submit details of their 2018 budget proposals or risk sanctions.
The crude oil benchmark price of the budget was also increased from $45 to $50.5.
The report was laid in plenary by the Chairman, Senate Committee on Appropriations, Danjuma Goje, and comes six months after President Muhammadu Buhari presented the N8.612 trillion budget estimates to a joint session of the National Assembly.
The Senate has passed the 2018 Appropriation Bill following the consideration and adoption of the report by the joint National Assembly Committee on Appropriation.
The Senate and House of Representatives had promised to pass the budget on April 24, but failed to do so.
According to him, N50.88 billion for reduction of deficit, N46.72 billion for security, N57.15 billion for health, N106.50 billion for Power, Works and Housing, N15.7 billion for Education, particularly the infrastructure for the 12 newly-established Universities and meal subsidy in unity schools, N10 billion for Judiciary and N44.20 billion for Niger Delta Development Commission.
Expeditious consideration for the 2018 budget estimates by both chambers of the National Assembly ran into troubled waters in December previous year when the federal lawmakers observed that details of implementation of the capital components of the 2017 budget were not made available by the executive.
Mustapha Dawaki (APC, Kano), also laid the report.
The budget will have a fiscal deficit of N1, 954, 464, 993, 775 and a deficit to GDP of -1.73 per cent.